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20121201
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's robert frank joins us now with the details. it's a sad story, bob. >> it is a sad story but very important. we focused a lot on the income tax, capital gains rate, dividends tax. this is huge for the wealthy. right now, you can give up to $10 million per couple to friends, heirs, whatever and then the tax kicks in. next year, that drops to $1 million and the rate goes from 35% to 55%. if you have a large estate, this is a huge amount of money. what's happening is you have all these wealthy families transferring millions, billions of dollars probably to their heirs in advance of this tax increase. >> in the next couple of weeks. >> it's happening right -- i've talked to trust and estate attorneys who have no time to talk to me because they're doing so many transactions for these people. >> i was reading, the president's estate tax idea, he doesn't want to go back to 35% and $5 million single, $10 million married. he wants 45% and a $1 million exemption. what i'm suggesting is either way, people are right to do what they're doing because they have the best break they're going to ge
Search Results 0 to 0 of about 1